October has seen the highest number of employment for United State workers in three years, which has provided some hope for economic recovery in the near future. The Conference Board’s Employment Trends Index has showed the overall unemployment rate has lowered to 9%.
While this news has been met with optimism by most, some experts believe the numbers do not accurately reflect the realities of the current economy. The unemployment rate does not account for workers who have accepted jobs below their qualifications, early retirements, and workers who have decided to not actively seek employment.
Bigger job gains still need to be found in order to accelerate household spending needed to support consistent growth. With fears of trouble in the European debt crisis, many job analyst fear a decrease in job growth may occur as large corporations do not try to expand their operations.